VC funding: Zafin, Lumigo, Symbiont.io, Electric, Varada, Ontic Technologies, Andela, Liquid Instruments, Growth Intelligence, among others, have announced their latest VC funding.
Zafin, a financial services software provider, has raised $17.2 million in growth financing led by Vistara Capital Partners, Beedie Capital, and Accenture Ventures.
Lumigo, a Tel Aviv based start-up, has raised $8 million seed funding for its serverless intelligence platform that lets developers monitor, troubleshoot, and optimize serverless applications.
Symbiont.io closed a $20 million Series B funding round — led by Nasdaq Ventures with participation from additional new investors including Galaxy Digital, Citi, Raptor Group, and others.
Electric, the world’s first chat-based, real-time IT support solution, raised $25 million as part of a Series B financing round led by GGV Capital with participation from existing investor Bessemer Venture Partners. To date, Electric has raised $38 million.
Varada, a big data inline indexing company, announced a $7.5 million seed funding round led by Lightspeed Venture Partners, with participation by StageOne Ventures and F2 Capital.
Ontic Technologies, a intelligence technology platform, has raised a $4.65 million Series Seed round investment led by Silverton Partners, with participation from Floodgate and Village Global.
Andela announced the completion of a $100 million Series D funding — led by Generation Investment Management with participation from existing investors including Chan Zuckerberg Initiative, GV, Spark Capital, and CRE Venture Capital. The recent financing brings Andela’s total venture funding to $180 million.
Liquid Instruments, the developer of Moku:Lab, the software-configurable hardware platform for precision test and measurement and advanced digital signal processing, has raised $8.16 million in a Series A funding round — led by US-based Anzu Partners and includes follow-on investor ANU Connect Ventures in Australia.
Growth Intelligence has raised £1.7 million to help marketers and sales leaders drive faster growth with AI.
Vistex, a Chicago-based software company, has received a minority equity investment of an initial $65 million, and up to an additional $40 million, for future strategic acquisitions from Accel-KKR.
Owl Ventures, an investor in education technology, closed $315 million for its third fund. The fund will make early and growth stage investments in education technology companies. Owl Ventures has over $600 million in assets under management and has invested in 24 companies since its founding in 2014.
ThingTech, an Industrial Internet of Things (IIoT) Platform-as-a-Service provider, has raised a Series A funding round of $4 million led by BIP Capital with follow on investor Engage Ventures.
Sherpa.ai, a Spanish language digital voice assistant, has added $8.5 million to its Series A funding led by Mundi Ventures with participation from the Chairman and CEO of British Airways, Alex Cruz. The company raised $15 million to date.
Renovus Capital Partners has acquired a controlling stake in Tempus Nova, a technology services partner to over 200 public and private sector organizations located throughout the United States.
Hailo has expanded its Series A funding round to $21 million – led by Glory Ventures from China with the participation from existing and other new investors.